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Rab al-Mal

Arabic (رب المال) for the capital provider (provider of funds) in a contract of mudaraba. Rab al-mal hands over mudaraba...

Mal Ribawi

Arabic (مال ربوي) for any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, mal ribawi...

Murabaha Master Agreement

A contractual framework which governs a murabaha transaction in which there are several objects (assets/ commodities) in several contracts between...

Unrestricted Investment Account

An Islamic investment account that is subject to no restrictions as to the purpose, geographical distribution or way of investing...

Murabaha Receivables

The short-term and long-term receivables to a murabaha seller (such as an Islamic bank) for commodities sold on credit (open...

Cash Murabaha

A type of murabaha (cost-plus sale) in which the purchaser pays the agreed amount (price plus market-up, or thaman plus...

Bay’ al-Tanajush

A form of prohibited sale (bay' batil) in which a person or group of persons connive with a seller to...

Bay’ Mutlaq

A sale (bay') that involves the exchange of an asset for specified monetary units (the price). With respect to the...

Ba’i al-Subrah

A type of sale (ba'i) in which a heap of grains or any other commodity (dates, cotton, etc), in Arabic...

Ba’i al-Sifah

A type of sale (ba’i) in which the transaction is effected based on detailed description of the object of sale....